PPP Loan Data — Mjcj Enterprisers LLC, Jeannette, PA
Mjcj Enterprisers LLC is a limited liability company (LLC) located at 520 Clay Avenue in Jeannette, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $46,400.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least thirteen people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Mjcj Enterprisers LLC in Jeannette, PA received a Paycheck Protection Loan of $46,400 through InFirst Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in May, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Mjcj Enterprisers LLC's 2019 payroll expenses are estimated to be at least $222,720.
Based on their reported 13 jobs retained, this equals an estimated average yearly compensation of $17,132 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mjcj Enterprisers LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $37,500
- Utilities: $3,900
- Mortgage Interest: $5,000
Business Information - Mjcj Enterprisers LLC in Jeannette, PA
520 Clay Avenue
Jeannette, PA 15644
Other Management Consulting Services
NAICS code 541618
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Jeannette
In the Jeannette area, 3 businesses in the "Other Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 13) and received an average PPP loan of $56,847 (compared to this company's $46,400).
Similar Nearby Businesses Who Received PPP Funding:
Danan Healthcare Consulting Group
Householder Lifestyle Consulting, LLC
Industry PPP Comparison Statistics
Nationwide, 84,014 businesses in the "Other Management Consulting Services" industry received a total of $3.74B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 4 employees, 69% lower than Mjcj Enterprisers LLC's reported 13 employees, and received an average PPP loan of $44,524, 4% lower than this company's loan of $46,400.
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Footnotes & Information
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